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Injective platform integrates PYUSD, marking a milestone in blockchain stability

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Injective, a well-known first-tier blockchain platform, has recently integrated PYUSD, marking a significant milestone. This move makes Injective one of the first L1 platforms to support this stablecoin, developed through a collaboration between PayPal and Paxos, which maintains a 1:1 ratio with the US dollar. This integration underscores Injective’s commitment to offering secure and stable transaction options, enhancing its dApps’ functionality. Users can now engage in transactions, trading, and DeFi activities with a reliable and stable medium anchored to USD, addressing the volatility typically associated with cryptocurrencies.

The integration of PYUSD into Injective is poised to significantly improve the user experience by providing a stable currency for transactions. Unlike traditional cryptocurrencies, which are subject to market price fluctuations, PYUSD helps mitigate these uncertainties, making it more practical for users to conduct various financial operations using blockchain technology in their daily lives. This development demonstrates Injective’s dedication to progress and meeting the demands of its users within the blockchain space.

Additionally, PYUSD’s presence on the Injective platform is likely to expand user engagement and reach a broader audience. This is particularly beneficial for individuals who are wary of the volatility associated with other cryptocurrencies. PYUSD facilitates smoother transactions and exchanges across different blockchain networks, including Ethereum and Solana, which dominate significant market shares.

Incorporating PYUSD in the Injective ecosystem highlights the platform’s commitment to merging traditional financial stability with the innovative potential of decentralized finance (DeFi). This move sets a precedent for other major blockchains, indicating that further integrations of stablecoins are on the horizon. This blend of traditional and cutting-edge financial technologies promises to enhance the practicality and appeal of blockchain networks for everyday financial operations.

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Source: cryptonewsz.com

The post Injective platform integrates PYUSD, marking a milestone in blockchain stability appeared first on HIPTHER Alerts.

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Blockchain

Join us in our 10th-anniversary celebrations – special campaigns every week!

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Join us in our 10th-anniversary celebrations – special campaigns every week!

bitFlyer Europe S.A. is launching 17 new crypto-assets over the next four weeks to celebrate 10 successful years of the bitFlyer Group. Each week we will launch a new crypto-assets campaign and each week you can win exciting prizes! Our first campaign started September 26, 2024 with the launch of Axie Infinity (AXS), Decentraland (MANA), Immutable (IMX), and The Sandbox (SAND)!

Here is our campaign calendar** for the next three weeks:

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  • Week 2 (October 3, 2024: ApeCoin (APE), Chilliz (CHZ), Ripple (XRP), Palette Token (PLT).
  • Week 3 (October 10, 2024): Avalanche (AVAX), Mask Network (MASK), The Graph (GRT), Chainlink (LINK).
  • Week 4 (October 17, 2024): Flare (FLR), Symbol (XYM), Nem (XEM), Dogecoin (DOGE), and Shiba Inu (SHIB).

* Visit our 10th-anniversary site for more details. (https://bitflyer.com/en-eu/s/lp/10th-anniversary). Terms and conditions apply.

** The listing schedule is subject to change.

“These new crypto-assets not only allow customers to benefit from a more diverse environment for their investments but also gives them the opportunity to participate in cutting-edge web3 projects,” said Ms Ami Nagata, CEO of bitFlyer Europe.

“With a firm foundation in Japan and a strong regional presence in Luxembourg, bitFlyer serves a large loyal customer base that reflects its global reach. bitFlyer is truly glocal,” added Mr Yuzo Kano, founder and CEO of the bitFlyer Group.

How to Create an Account: If you are not already using our market

If you are not already using our market leading services, you can create an account and start your crypto journey with bitFlyer today. Visit our website or download the bitFlyer App on iOS and Android.

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Blockchain

Balancing AI Hype and Hope: Industry Leaders Unveil Growth Playbook at AI Apex Asia Capital Connect Forum

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Blockchain

Fintech Software Business Research Report 2024-2030: Opportunities in Emerging Markets, Expansion of Open Banking and API Integration

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Fintech Software Market

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